
Virgin Australia shares soar 8.3% in $439 million IPO debut
By Scott Murdoch and Christine Chen SYDNEY (Reuters) -Virgin Australia shares rallied 8.3% on Tuesday, after its A$685 million ($439 million) initial public offering, a transaction dealmakers hope will revive a subdued listings market. The airline sold 236.2 million shares at A$2.90 each, valuing it at A$2.32 billion on a fully diluted basis. The stock began trading at A$3.14, outpacing a 1.2% gai ...